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Apple suppliers’ China exodus not to slow down under Biden

Bloomberg The splintering of the global tech supply chain that began during President Donald Trump’s watch looks set to persist under his successor. Apple Inc, the largest of the many tech giants that rely on Chinese factories to make their gadgets, will move some production of its iPads and MacBooks to Vietnam. Key assembly partner Hon Hai Precision Industry Co, ...

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UK bans installation of Huawei 5G equipment from September

Bloomberg The UK will ban the installation of 5G equipment from China’s Huawei Technologies Co by the end of next September. The restriction is part of an “initial” 250 million-pound ($333 million) package of measures brought in to diversify Britain’s wireless supply chain announced by the Department for Digital, Culture, Media and Sport. The stricter rules may also help fend ...

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Cyber Monday projected to hit pandemic-fuelled $12.7b

Bloomberg Online shoppers in the US are expected to drop a record-busting $12.7 billion on Cyber Monday — the busiest e-commerce day of the year — presenting a valuable opportunity for retailers whose websites, customer service departments and delivery operations can withstand the period of crushing traffic. Amazon.com Inc, Walmart Inc, Target Corp, Best Buy Co and others have been ...

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UAE leaders pay tribute to the nation’s heroes

ABU DHABI / WAM On the occasion of Commemoration Day (Martyrs’ Day), President His Highness Sheikh Khalifa bin Zayed Al Nahyan, pledged to always remember with appreciation and gratitude “our children who sacrificed their lives in the fields of truth and duty, the fields of redemption; in defence of the nation, in preservation of its sovereignty, and in protection of ...

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UAE Cabinet approves new passport, cybersecurity body

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has congratulated His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, ...

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UAE participates in OIC foreign ministers meeting in Niger

NIAMYEY / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, has participated in the 47th session of the Council of Foreign Ministers (CFM) of the Organisation of Islamic Cooperation, OIC, in the capital of the Republic of Niger, Niamey. Held under the theme “United against Terrorism for Peace and Development,” the two-day meeting was attended by ...

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Repsol to boost renewables fivefold, cuts dividend for 2021

Bloomberg Repsol SA will reduce its dividend next year after outlining plans to wind down the search for oil and expand its renewable capacity fivefold during the next decade. The Spanish company, which was the first oil major to set a net-zero emissions target a year ago, will put its projects into “harvest mode” as it refocuses on higher-value oil ...

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Malaysia’s embattled leader urges allies to stand together

Bloomberg Malaysian Prime Minister Muhyiddin Yassin called on members of the ruling coalition to strengthen cooperation ahead of a general election he intends to hold once the virus pandemic subsides. The premier acknowledged the tense ties between his Bersatu party and rival turned key ally United Malays National Organization (UMNO), which controls the most parliament seats in his coalition. Steps ...

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Abu Dhabi Ports to distribute 70 million Covid-19 vaccines

ABU DHABI / WAM Abu Dhabi Ports is playing a vital role in the global fight against Covid-19 with enhanced logistics capabilities for the storage and distribution of more than 70 million Covid-19 vaccines. Amid an anticipated surge in vaccine logistics demand, Abu Dhabi is cementing its position as the global logistics hub by spearheading the launch of the Hope ...

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MBR solar park to power 320,000 homes

DUBAI / WAM On its completion, the fourth phase of the Mohammed bin Rashid Al Maktoum Solar Park, that Dubai Electricity and Water Authority (Dewa) is building, will have the largest energy storage capacity in the world of 15 hours, allowing for energy availability around the clock. This phase will provide clean energy for 320,000 residences and will reduce 1.6 ...

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